The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 10.5 billion in treasury bills (T-bills) on Sunday, Sep. 26. The T-bills were offered in two installments, with the first valued at LE 6 billion with a 91-day term,...اقرأ المزيد
The Central Bank of Egypt (CBE) has agreed to grant licenses to provide the service of accepting contactless payments on mobile phones. This step comes in implementation of the Egyptian government’s strategy to shift towards a society less dependent...اقرأ المزيد
Egypt’s top prosecutor Hamada el-Sawy on Thursday issued a decision to lift the freeze on the assets of the family of late President Hosni Mubarak. The Central Bank of Egypt (CBE) recieved a letter from the Court of Appeal’s head, who is in charge...اقرأ المزيد
The annual core inflation rate recorded 3.8 percent in June 2021, compared to 3.4 percent in May 2021, the Central Bank of Egypt (CBE) said in a statement Thursday. The Consumer Price Index in Egypt has recorded a monthly rate of 0.1 percent in June,...اقرأ المزيد
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 18.5 billion in treasury bills (T-bills) on Sunday, June 27. The T-bills were offered in two installments, with the first valued at LE 10.5 billion with a 91-day...اقرأ المزيد
The Board of Directors of the Central Bank of Egypt (CBE) decided to amend some provisions of the initiative to finance the payment of salaries and wages of workers in the tourism sector and basic maintenance and operating expenses with the guarantee...اقرأ المزيد
The final value of the deal to acquire 76 percent of the Arab Investment Bank (aiBANK) by the Egyptian Financial Group Hermes Holding (EFG Hermes)and the Sovereign Fund of Egypt (TSFE) has not been determined yet, according to EFG Hermes. This came in...اقرأ المزيد
Egypt’s annual consumer price inflation stabilized at 4.9 percent in February 2021, marking the same rate of February 2020, state-statistics body said Wednesday. In January, inflation hit 4.8 percent, compared to 6.8 percent in the same month of prior...اقرأ المزيد
Egypt’s annual consumer price inflation recorded 4.8 percent in January 2021, compared to 6.8 percent in January 2020, state-statistics body said Sunday. In December 2020, inflation hit 6 percent, compared to 6.8 percent in the same month of prior...اقرأ المزيد
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday to keep the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent, and 8.75 percent, respectively. The...اقرأ المزيد